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1761  Economy / Speculation / Re: Can you really 'Sell High and Buy Low' in this 2020 BITCOIN Bull Run? on: January 28, 2021, 07:33:29 PM
Is it really possible to 'Sell High and Buy Low' in this bull run?

First I sold some at 19600 hoping it will pull back before crossing 20k and I will buy back at 'LOW'. It never pulled back. 

Then I sold some again at $25k milestone, hoping that it will pull back which never did.  I then sold some at $25800 hoping it will pull back before going further. And again it never pulled back.  BITCOIN is just going ATH after ATH.  BTC is setting new ATH every day, if not every hour  Grin  I stopped selling now  Cool

It's not like I am complaining, far from it!  I am enjoying every bit of it.  But how can we really follow the mantra of 'Sell High Buy Low' Huh Tongue
The same thing happened for me with ethereum. I began to partially sell it as the price rose, believing that it would fall after a while and was guided by the bitcoin price. However, this did not happen. Surely many did the same, because it was logical. But the cryptocurrency market is too unpredictable. Therefore, it is very difficult to sell high and buy cheap on it. I think that we all very often lose lost profits. The main thing is not to suffer direct losses.
1762  Economy / Speculation / Re: Baba Vanga's Prediction for bull market in 2021 on: January 28, 2021, 07:10:11 PM
I have not yet heard the famous Bulgarian fortune teller Vanga prophesy anything about cryptocurrency. In addition, this quoted text may not come from Vanga herself. However, it is still pleasant to read it. Let's assume that the predictions refer to bitcoin and that by October its price will reach one hundred thousand dollars. There is not too long to wait.
1763  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Ripple XRP Price in january 2021 on: January 28, 2021, 06:06:49 PM
In 2020 XRP is growing and growing rapidly, so there is a lot of the demand for XRP, but the year-the end disaster hit the ripples must work hard to fix the hassle of tripping over the law, so January 2021 Ripple is completely destroyed, everyone including me let go of XRP, if Ripple team developers cannot solve this problem, I am sure that Ripple will disappear in the crypto market,
Ripple will not disappear from the cryptocurrency market anyway. The lawsuit filed by the SEC on December 22 does not address the illegality of issuing or circulating this coin. Therefore, nothing threatens her. The indictment concerns the abuse of the company's executives and after the payment of the penalties, ripple must gradually regain its position. We see that the ripple has now fallen in price, but its decline has stopped and its price is even growing. if the market goes up.
1764  Economy / Economics / Re: The pros and cons of going cashless on: January 28, 2021, 05:31:11 PM
Going cashless these days is a common thing, because people are getting used to card transactions and other forms of digital payments through mobile. When you don't have cash in hand there is more chances of spending on unnecessary things. Even the small shops have started to provide QR code for payment. Through digital payments corruption is made easier. Whatever might be the pros and cons, if it is used for the bad it affects the reputation and same is when used for good.
Of course, non-cash payments make our life easier and more convenient. However, we become attached to certain technical means that can be easily lost or stolen from us. In addition, non-cash money is often attacked by hackers or various scammers.
At the same time, cash is very easy to use, it is convenient to make small household transactions in cash. Also, cash, unlike non-cash, is very difficult to track.
I don’t think we’ll get rid of cash anytime soon, if ever.
1765  Economy / Economics / Re: Food prices doubled this year on: January 26, 2021, 05:43:24 AM
Many countries all over the world, are affected by Covid-19. Aside from this pandemic, other problems arose including high inflation rate and other economic problems. As we experienced during the Covid-19 outbreak, food prices become doubled in the market, but why are food prices soaring? there are causes of the rise in food prices that also tied to the pandemic. First is the demand of people, second is the inadequate supply of goods, and last is the virus itself that greatly affects the economy, especially the industry of food production...
There has been a strong imbalance between supply and demand for food this year due to tough restrictive measures to combat the coronavirus pandemic. As a result, food producers could not sell their goods and it simply deteriorated, and the population did not have the opportunity to buy it, since the markets and trade network did not work.
However, there is also a more global problem with food. The population of our planet is growing, but the amount of fertile land is not increasing. Moreover, its area is decreasing due to human activities and environmental degradation. Therefore, the problem with food, and in the future with drinking water, will only grow.
1766  Bitcoin / Bitcoin Discussion / Re: Can Bitcoin ever be use as other country currency on: January 26, 2021, 05:22:07 AM
Very few countries like Japan have legalized the usage of bitcoin. The increasing usage and adoption of bitcoin won't affect the decentralisation of the network. Any country can have bitcoin as national currency. Till date no country have officially made bitcoin as national currency. Maybe in the future this can happen.
This will never happen. No state will ever accept Bitcoin as its official currency. Cash or non-cash money of the state plays the role of a substitute for material assets that may be in civil circulation. Based on this, the development of the economy of each state is planned. Bitcoin or other decentralized cryptocurrency is in no way connected with the economy of any state, and therefore cannot be their currency.
In addition, bitcoin is characterized by increased price volatility and this will make it very difficult to use it as a means of payment.
1767  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Will Eth able to break its previous ATH within few days? on: January 25, 2021, 06:11:47 PM
^ a few days ago I predicted that Ethereum will not touch ATH anytime soon but it looks like my prediction was wrong. I visit coinmarketcap and was surprised to see Ethereum making a new ATH 7 hours ago. Altcoin season on the road.

The ATH not holding for long though but isn't the alt season already coming like long ago? Polkadot, ETH, and many more are in bullrun and their price hasn't lowered ever since and like ETH hitting the ATH instead.
If we exclude the fact that ETH has just reached ATH after so long, other alts already scoring newest ATH and most of them are new Alts aswell so it's fair to say that it's the altcoin season already.
I notice from time to time that ethereum often grows in price as a percentage even better than bitcoin. This indicates that this coin has good potential for price growth, primarily due to its ongoing renewal since December. Ethereum has broken its previous price record today, and there will be many more such records this year. Hopefully this year we'll see a few thousand dollars more.
1768  Bitcoin / Bitcoin Discussion / Re: Biden treasury secretary nominee Yellen says "curtail bitcoin" on: January 25, 2021, 05:34:11 PM
Yellen thinking about making cryptocurrency more transparent, since, in her opinion, it is used to finance terrorism

Let's not get fooled by this subhuman fossil. Her problem is not that Bitcoin is being used for terrorism. Her real problem is that Bitcoin provides a safe haven for those people who don't like the rapid devaluation of the United States Dollar. Biden is planning a series of stimulus measures, which will make the USD to lose much of its purchasing power. Now the duty of Yellen is to make sure that the Americans continue to use the US Dollar and they don't have any other choice available to them.
Most likely, her words that it is necessary to "cut" bitcoin and should be perceived so that she is afraid of the weakening of the dollar and at the same time strengthening the position of the cryptocurrency, and first of all bitcoin. If she uses the word "cut" bitcoin, it means that she is very far from the nature of a decentralized cryptocurrency. I would like to see how she will reduce bitcoin. This is absolutely unrealistic.
One of the reasons for the current rise in prices in the cryptocurrency market is that people are saving themselves from inflation of common currencies of states by investing in cryptocurrency.
1769  Alternate cryptocurrencies / Altcoin Discussion / Re: What if "De-Fi" platforms become regulated in the future? on: January 25, 2021, 06:52:00 AM
Regulation of cryptocurrency by states, including DeFi platforms, is inevitable and this is not a disaster for it. Some regulation is needed to avoid massive fraud. The only question is what and how will be regulated. If the regulation is organizational and within reasonable limits, then this can only be welcomed. The main thing is that such regulation does not violate the decentralized foundations of the cryptocurrency. In my opinion, there is no reason for such fears yet. And the regulators are hardly able to do this.
1770  Alternate cryptocurrencies / Speculation (Altcoins) / Re: When Bitcoin dominance falls Isn't it common for altcoins to rise? on: January 24, 2021, 07:50:03 PM
oh yes that's right, the dominance is down, the effect you get is that Altcoins are increasing,
try to see now, the dominance is at 63% and many altcoins are recovering quickly after yesterday's dump, I'm sure this is just the beginning for altcoins,
if the domination of bitcoin dump below 50 % thats happens is a mega pump for altcoin, so hopefully this happens as soon as possible.
It seems to me that this does not work in all cases. Now in the cryptocurrency market, the dominance of bitcoin is falling or rising by only a few percent. However, altcoins always follow Bitcoin's price movements. Only fairly promising altcoins can show growth even if the price of bitcoin falls. However, this is rare. However, in general, I agree that with a strong drop in Bitcoin dominance, altcoins begin to rise well in value.
1771  Economy / Economics / Re: The recent rise in prices, temporary or more long term? on: January 24, 2021, 03:54:43 PM
That is the worst case scenario, but remember that this institutions are in for the long haul. Maybe their target price is like $100k to really make some liquidations, and of course to make profit. But there could really be buyers as well, if they decided to sell then someone in the wing are waiting. Also bitcoin supply is dwindling, it's running out so getting it is going to be hard and these institutions knows that's why I doubt that they are going to sell in the next couple of years.

Institutions usually don't offload their assets that quickly. Although I would say that some of the institutional investors may not be looking to hold the coins for the long term, the vast majority would be willing to hold them for at least a few years. They do their investments in a systematic way. At the time of investment, they will be having a target. If that target is achieved within 6 months, then we can expect them to dump their coins within that period. On the other hand, if it takes more than 5 years, then they will hold the coins for that much time. But the most worrying aspect here is that they will be having a stop loss target as well. If the BTC exchange rates go below a certain limit, then we can expect a massive selloff.
It should be borne in mind that absolutely in all states there is a drop in the level of the economy due to long-term and unprecedented measures to combat the coronavirus pandemic. Therefore, inflation will rise. People will flee from it, invest in cryptocurrency. So overall, I think this year will be a very good year for cryptocurrency. Of course, this market is very unpredictable. With active growth, there will also be sharp price swings. This year should be very successful for traders.
1772  Economy / Economics / Re: Russian currency big problems on: January 24, 2021, 03:24:53 PM
Russian currency have big problems
The only Country is left is China who want to Deal with russian currency.

But in Russia Everybody who knows that ruble is highy inflated and all most worthless they all ready use thether cryptocurrency.
The Coming sanctions can only proof that currency is close to de valuation.
As the Russian natural resources was Main reason to buy ruble to buy and export to the west.

If China will not do any Exchange with rubles its sign that currency will be devalued.

Problems for the Russian Ruble started in 2014, with the collapse in crude oil prices. Crude was trading above $100 per barrel, and suddenly it went down to $40 per barrel. Considering that the production cost of crude oil is around $30 per barrel, the profits declined by almost 80%-90%. On top of that, Russia faced tough sanctions from the US, after the merging of Crimea. China may still accept RUR, because their own currency (CNY) is perhaps the most manipulated national currency in the world.
The Russian ruble falls naturally. The Putin regime is actually pursuing a hostile aggressive policy towards its neighbors and on the world stage, and to cover up these actions, they have invented hybrid wars and private armies, which are actually led from the Kremlin. An anti-popular domestic policy is also being pursued, in which political competitors are physically eliminated, peaceful demonstrations are prohibited and all those who disagree are imprisoned. We can see this even on the example of the law on digital assets adopted in Russia. In which state, with the regulation of cryptocurrency, it is possible to store cryptocurrency, but in fact it cannot be disposed of. Of course, Russia's position in the international arena will decline.
In addition, the ruble has always been held at the expense of the oil and gas export. Now Europe and many other states are gradually abandoning these resources and switching to environmentally friendly energy-saving technologies. Therefore, oil, gasoline and gas will become cheaper, and the ruble will fall.
1773  Alternate cryptocurrencies / Speculation (Altcoins) / Re: which one will you choose? on: January 24, 2021, 02:10:41 PM
Of course, Ethereum is now in a better position than Polkadot. Ethereum is currently undergoing an upgrade and it is expected that this coin will completely transform and its price will be much higher than it is now.
However, Polkadot has a very interesting new technology and this token is very promising. I think that some of the funds can simply be invested in Polkadot.
1774  Alternate cryptocurrencies / Altcoin Discussion / Re: How do you feel about altcoin long-term performance? on: January 23, 2021, 06:45:07 PM
Bitcoin is already 20% higher than it's previous ATH: $20,000 -> $24,000

Ethereum is 2 times lower than its ATH in USD and more than 4 times lower than its BTC ATH. Bcash used to cost a whopping $12,000 at one moment, now it costs $300. XRP went from $3 to $0.6

And these are top coins, so I'm not even going to start recounting how many coins went to zero in the last few years.

It's pretty clear that holding any altcoin for years will lose your money, either by losing compared to BTC, or by straight up losing USD value.
Altcoins are only a few years old and have more than 8,300 types. Due to the fact that everyone can create their own altcoin, useless and fraudulent altcoins make up a decent amount of this number. However, in general, there is a good process of their development. You just need to choose the right potential altcoins and they are able to bring profit even more than bitcoin.
Altcoins are generally durable and worth investing in, only their useless types are short-lived.
1775  Economy / Economics / Re: IF USDT would collapse what do you think will happen to the BTC price? on: January 23, 2021, 06:03:56 PM
If USDT will collapse, BTC and the general cryptomarket will follow. USDT already have the majority of the volume of all the stablecoin available right now and collapsing means most of the crypto user that holds USDT will be in a huge loss which means the buy power in cryptomarket will decrease dramatically.

We know that tether is a really shady company but they are not dumb to runaway with a billion dollar market that they are currently monopolizing. There profit here is consistent and huge.
Bitcoin existed without stablecoins and will exist even if they all disappear in an instant. Of course, stablecoins make it very easy to use cryptocurrencies, however, without them, Bitcoin and other cryptocurrencies will not die. Bitcoin is not directly related to stablecoins, but if something happens to tether, then in the first period this should affect its price, since everything in our world is interconnected. However, I find it difficult to even say in which direction - an increase or decrease, while the price of bitcoin will change.
1776  Economy / Economics / Re: How long will it take banks to phase out physical cash completely? on: January 23, 2021, 05:41:38 PM
Nowadays most people use electronic money instead of banknotes, so the process of eliminating cash has already started. Developing and launching CBDCs will take up to 5 years. It will take above 10 years to become finally cashless.
I am ready to say that in 2050 there will be no cash in circulation as we are now accustomed to it
And it seems to me that 10 years is not enough, because there are very underdeveloped countries, they will take longer to make the transition
It is unlikely that cash will disappear in a hundred years. Even the Chinese government, which is already testing its digitized yuan, has warned the country's population that it is not worth abandoning the use of cash. Each type of money has its own advantages and disadvantages. Cash is sometimes simply irreplaceable both in certain situations and in relation to certain categories of citizens.
In addition, cash is not tracked and any type of non-cash centralized payments is fully tracked by the government.
1777  Bitcoin / Bitcoin Discussion / Re: Random thoughts on future Bitcoin supply on: January 23, 2021, 04:58:43 PM
What will happen to my bitcoin after I die? This is the question that comes to my head while I was thinking about my future, wealth, etc.
I don't hold lots of bitcoin; there are people who own thousands of bitcoin. What if they die suddenly without sharing anyone about their wealth? We have lost lots of bitcoin already from the circulation but after a decade or two, I guess the number of lost bitcoin will be huge. The supply of bitcoin is limited by nature. With the lost bitcoin, it's getting more scarce. At some point, after few decades, the supply will huge limited.
What effect do you think will it have on bitcoin? Certainly, you may think that price will be higher. Well, it will certainly but will it anymore be usable? With very much limited supply, won't it create disruption? Or, it will be as precious as diamond; I mean very much rare.
Of course, over time, the number of bitcoins to which access is lost will only increase. People die or make various mistakes, as a result of which access to their bitcoins is lost. However, cryptocurrency and new technologies continue to evolve. Quantum computers are coming soon. They may be a salvation for bitcoins, to which access has been lost, but also a big threat to the rest of the cryptocurrency. Whether by that time protection against them will appear is still unknown.
1778  Alternate cryptocurrencies / Altcoin Discussion / Re: What's the point of so many cryptocurrencies? on: January 22, 2021, 06:22:25 PM
Hi,
I was browsing about 50 pages here https://www.blockchain.com/prices?page=50 then I gave up and googled it...there are more than 2000 cryptocurrencies!
Why?
The fiat tends to reduce thanks to EUR, what's the purpose of so many cryptos?

thanks
The CoinMarketCap table shows that there are currently 8304 types of cryptocurrencies. Whether we like it or not, however, the number of cryptocurrencies will continue to grow as long as the conditions for this exist on the market. Since everyone can create their own cryptocurrency, some create it to embody innovative ideas, while others just to make money from it. We cannot influence this process. We can only support a certain cryptocurrency or not. If there is no demand for cryptocurrency, it will eventually disappear from the market. We cannot even say yet when and how this process of creating cryptocurrencies will end, but this is a good way to improve and develop it.
1779  Alternate cryptocurrencies / Altcoin Discussion / Re: Japan Support XRP on: January 22, 2021, 05:52:03 PM
Makoto, a Japanese entrepreneur and XRP investor told Coin base that he is not selling his XRP share. There is a couple of reason for that,
the most common is that it's a popular crypto coin in Japan. Kayamori also said, "XRP has a strong global fanbase, and a lot of people see this lawsuit as an attack on virtual currencies in general".
Soon the XRP will gain a good high and the predicted price for the XRP is $1 in the upcoming time, but the current market situation is very un-stable and un-predictiable.
Please read the complete report here:https://finance.yahoo.com/news/japan-rallies-behind-xrp-ripple-230056022.html
This is the opinion of individuals in Japan. However, I agree that over time, ripple will regain its position after the leaders of Ripple Labs pay off large penalties. Apparently, many people believe in a favorable outcome of the SEC lawsuit, since this coin no longer falls in price and even rose slightly in a relatively stable market.
In some countries, ripple is very popular as a means of payment. Some confidence in her is inspired by her support for the banking system, and she practically did not react to this legal scandal.
1780  Economy / Economics / Re: Are Cryptocurrencies Really Money? on: January 22, 2021, 05:03:14 PM
Yesterday, while surfing the social media that aggregate trends, Twitter, I ran into what was like a very exciting poll, the best I have seen this year.
The poll was created by International Monetary Fund (IMF) to monitor the two types of virtual currencies which are; the cryptocurrencies and the central bank digital currency.
The poll went thus;
1.   Are central banks digital currency really money? The poll result was Yes (33.8%) and no (66.2%)
2.   Are crypto currencies really money? The poll result was; Yes (79.9%) and no (20.1%)
What is your opinion about these polls?

It is unlikely that these survey results reflect the real opinion of people. Now, few people know about the digitized currencies of the central banks of states. Those who know what it is could not so massively declare that it is not money. We all know that the digitized currencies of the central banks of states, that is, their stablecoins, are the same money of states, only on the blockchain in digital form. It is useless to deny it. People have not yet used them and do not know what it is. How can they reason about it. We need to make sure ourselves of the question posed and the answers to it.
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